Personally, I wouldn't open up a home that isn't in good repair, from a liability standpoint if nothing else.

Personal money How did you add value to the deal?

If the person stops making payments, they alas,  have to foreclose.

Hey @Cameron MarroPersonal Loan or Line of Credit: If you have decent credit, a personal loan or line of credit could give you access to the cash you need for renovations without using your property as collateral.

I personally don't like exclusive by agreements.

And what if the one person you didn't check has a criminal background, has collections, and more?

They say the average amount of water per day a person uses is 80 to 100 gallons , Lets call it 60 to be conservative .

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.

Told them to do a drive by and call me back with an offer :)The person who called you probably just spent $15,000 for mentoring and “education”, and is now in panic that his 250 cold calls have not produced anything .  

There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.